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Bharat Heavy Electricals Limited (BHEL) is an engineering and manufacturing company. The Company is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a range of products and services for the core sectors of the economy, including power, transmission, industry, transportation,... (more)

MUMBAI - The BSE Sensex fell on Wednesday, dragged down by blue chips as caution prevailed ahead of the U.S. Federal Reserve's policy statement due later in the day that is expected to give direction on interest rates there.

** Bharat Heavy Electricals falls 1.2 pct
** Tamil Nadu Electricity Board scraps bids for the 1,320 MW
Udangudi thermal power project - Times of India (http://bit.ly/1F1sIa3)
** It may take more than a year to finalise a new contractor
- traders
** BHEL was lowest bidder for Udangudi project - analysts
** Implies there could be downside risks to estimates of 400
bln rupees of order inflows in FY15 - Citi
** BHEL officials were not immediately reachable for comment
(Reuters

* Bharat Heavy Electricals gains 3.5 percent.
* Company on Tuesday said it won a 78 billion rupees ($1.28
billion) contract for a power project.
* The contract value is almost 7-8 percent of its outstanding
order book - Dealers.
(1 US dollar = 61.0700 Indian rupee)
(indulal.p@thomsonreuters.com/
abhishek.vishnoi@thomsonreuters.com)